It’s hardly a surprise. After all, Tesla has just managed to obtain a guaranteed income in an industry still trying to find its feet after the global economic crisis and Japanese earthquake.

Continuing until at least 2014, the partnership couldn’t have come at a better time for Tesla, which is currently selling the last of its Roadsters before switching production to its 2012 Model S luxury sedan.

It seems like we have been waiting for that Telsa Modes S forever. That 300 mile range sounds good. I wonder when will this mag start comparing the Hybrid Volt with the all electric Model S like they do to the Leaf.

Scott
Posted: 7/21/2011 1:22pm PDT

Actually that is a steal. What is proven technology worth? No designing, fabricating or testing. I would say that Toyota got a heck of a deal. Note that Mr. Toyoda (CEO of Toyota, not a typo) invested in Tesla himself last year personally. I have over a 1000 miles on my Tesla and cannot wait for my S to come in next year. Good bye to the gas station.

Jack
Posted: 7/21/2011 8:31pm PDT

It sounds like a bit more than battery and motor. Inverter, charging system, pretty much everything you need. $100,000,000 would be about enough to fit 3000 RAV4's for electric drive. And they'll sell that many pretty easily.